The Politics of Change

John Mills

Chapter 7 in Tackling Britain’s False Economy, 1997, pp 157-169 from Palgrave Macmillan

Abstract: Abstract For well over a century one of the remarkable features of British economic policy making has been its consistent ability to revert back to type, neglecting the nation’s manufacturing base in favour of the interests of finance and the professions. This tendency has manifested itself under governments of every political hue. Two world wars, the Keynesian revolution, a huge change in educational and living standards, and a transformation in Britain’s position in the world have all had a negligible effect on the predilection of almost every government since the beginning of the nineteenth century for a peculiarly British financial orthodoxy.

Keywords: Exchange Rate; Monetary Union; Currency Union; Maastricht Treaty; Single Currency (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37215-3_7

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DOI: 10.1057/9780230372153_7

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